Premier Li promises to ease access for foreign investment in China

29/06/2016

Chinese Premier Li Keqiang at WEF meeting in Tianjin 28 06 16Foreign investment in China: Chinese Premier Li Keqiang yesterday promised to give foreign investors greater access China’s markets and to intensify efforts to tackle the financial risks the country is facing. “The participation of foreign firms is needed in China’s efforts to push economic transformation and modernisation through reform and innovation, and to realise healthy and sustainable growth,” he told delegates at the World Economic Forum’s Annual Meeting of New Champions in Tianjing.
Beijing was committed to building an environment for fair competition, he said, and indicated that the country would prioritise improving access to the service and general manufacturing sectors and would also be seeking create a level playing field where overseas and domestic companies were treated equally.
“China has the biggest potential for investment and should become the world’s most appealing destination for investment.” 
Foreign direct investment in China’s non financial sector grew 3.8% year-on-year to $51bn in the first five months of 2016, according to China’s Ministry of Commerce. Between January and May, foreign investment in the services sector increased by 7% to $36.37bn, just over 70% of the total while dropping by 3.2% to $14.9bn in the manufacturing sector, a 28.8% market share. 

Source: chinadaily